PORTFOLIO UPDATE: A NEW POSITION
During the trading day Friday, I tweeted the following:
JMBA position was taken in the 2.90 range. A small position, meaning that it represents less than 10% of the overall portfolios.
I trimmed away from a few positions in order to keep overall allocation at 75%, with 25% in cash. JMBA is a position that I would be very comfortable making into a large allocation, meaning between 20-25 percent of the overall portfolios over time.
